A2M 4.42% $5.90 the a2 milk company limited

I like to keep things simple and here's a simplified look at A2M...

  1. 306 Posts.
    lightbulb Created with Sketch. 215
    I like to keep things simple and here's a simplified look at A2M that might help some posters on this thread. A2M has traded in a rising price channel for a couple of years and has just fallen to the lower boundary of said channel. As well as the boundary providing price support their is a horizontal level of support here as well. This doesn't mean price can't fall through this level and go lower - in fact price usually falls down out of rising price channels eventually. The chart suggests that their is a reasonable probability price should recover and rise back up towards the top channel boundary as it has done on previous occasions.
    I don't trade A2M as I've always been a bit concerned about the China risk - but good luck to the holders.
    https://hotcopper.com.au/data/attachments/2609/2609062-23682dd32607495bdafe86c42dce1f6c.jpg

 
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Last
$5.90
Change
0.250(4.42%)
Mkt cap ! $4.265B
Open High Low Value Volume
$5.73 $5.91 $5.66 $17.87M 3.064M

Buyers (Bids)

No. Vol. Price($)
1 2000 $5.88
 

Sellers (Offers)

Price($) Vol. No.
$5.91 5850 2
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Last trade - 16.10pm 22/08/2024 (20 minute delay) ?
A2M (ASX) Chart
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